The analysis focuses on Ethereum, observed on a 1-hour timeframe, highlighting a structural resemblance to Bitcoin's current market behavior. The prevailing price action is identified as the C-wave within a larger Roman Wave 4, interpreted through Elliott Wave principles. This C-wave is projected to exhibit an internal five-wave impulsive pattern, suggesting a near-term upward movement. The critical level for this advance is identified at $3,500. This target is derived from the expectation that the C-wave typically concludes slightly above the preceding A-wave high. The overall assessment posits that Ethereum is approaching a significant top for this corrective Roman Wave 4 upon reaching the $3,500 resistance, indicating a subsequent market reversal or consolidation is anticipated.